A critical financing deal arranged by Northern Ridge Capital has saved a Tampa metro area commercial property from foreclosure, highlighting the firm’s ability to deliver swift, strategic mortgage solutions when time is running out.
Laguna Beach, CA, September 15, 2025 — Northern Ridge Capital announced it has successfully closed a bridge land loan refinance for a commercial property in the Tampa metro area, providing the borrower with a crucial lifeline that safeguarded the property from foreclosure.
The transaction, finalized on September 10, 2025, enabled the borrower to pay off matured debt, regain liquidity, and position their business for the next phase of development. By stepping in at a decisive moment, Northern Ridge Capital ensured the property was preserved and gave the sponsor the necessary time to execute their long-term business plan.
“This financing demonstrates our role as a strategic partner to sponsors facing difficult capital market conditions,” said Justin Ashcraft, Founder and Lead Broker at Northern Ridge Capital. “We focus on execution and creativity, especially in time-sensitive transactions.”
Faced with tight deadlines and limited conventional financing options, Northern Ridge Capital leveraged its deep relationships with private lenders, family offices, hard money lenders, and regional banks to secure competitive terms. The firm’s ability to execute quickly underscored its expertise in structuring complex commercial real estate financing solutions in today’s challenging capital markets.
“This transaction highlights the importance of having access to alternative capital sources,” Ashcraft added. “Our ability to act quickly was the difference between foreclosure and a fresh path forward for the client.”
This outcome also reflects a broader trend in today’s commercial real estate environment, where rising interest rates, lender pullback, and maturing debt are creating urgent financing needs that require speed, creativity, and alternative capital sources.
Northern Ridge Capital has built its reputation on handling deals that require urgency, flexibility, and custom structuring. Its team specializes in construction loans, bridge financing, permanent mortgages such as CMBS and HUD, and cannabis-related financing, a sector often underserved by traditional banks.
By limiting the number of new client engagements each month, the firm ensures each borrower receives personalized strategies and dedicated attention. This model has allowed Northern Ridge Capital to consistently deliver results where other lenders may fall short.
This Tampa refinance highlights Northern Ridge Capital’s ongoing role as a trusted partner for sponsors and developers seeking custom financing strategies to overcome obstacles and keep projects moving forward.
For more information about Northern Ridge Capital’s financing solutions, please visit www.northernridgecapital.com.
About Northern Ridge Capital:
Northern Ridge Capital is a commercial real estate mortgage brokerage specializing in custom financing solutions for developers, sponsors, and investors nationwide. With expertise spanning construction, bridge, permanent, and cannabis funding, the firm connects clients with top-tier lenders across the capital stack. By limiting new client engagements, Northern Ridge Capital ensures every borrower receives personal attention and a lending strategy designed to deliver long-term success.
Media Contact:
Organization: Northern Ridge Capital
Contact Person: Justin Ashcraft
Phone Number: (323) 521-4766
Email: [email protected]
Address: 1968 S. Coast Hwy, Laguna Beach, CA